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How to Divert Unconfirmed Transaction From Explorer To Your Blockchain Wallet (Without Software)!!!!No, Bitcoin and other cryptocurrency transactions are designed to be irreversible. Consequently, it is not possible to reverse or cancel cryptocurrency. No, once a Bitcoin transaction is confirmed on the blockchain, it cannot be reversed. It is essential to verify all the transaction details. Coin deposits cannot be canceled or reversed. You are able to cancel a BTC withdrawal request to an external address under Account Funding/Withdraw BTC ONLY.